The decision applies to expat workers who do not have a university degree
The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Oman is the UAE’s second largest trading partner in the Gulf
The exemption covers all financial fines related to the Emirates Identity cards, work permits, as well as the waiver of all administrative restrictions, upon leaving the country
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
The freelancer licences will allow the applicants to practice around 48 economic activities
Potential recipients include specialised degree holders in AI, big data, epidemiology and viruses, as well as doctors and engineers, among others
The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland
Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim
Officials urge the public to adhere to precautionary measures to ensure the UAE reaches the recovery stage
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period
Beauty and hair salons, dental clinics and nurseries in the emirate can apply for a 20 per cent rebate
The office will provide advisory and consulting services in a common language
Some sectors may face a bigger impact than others, although it will not be significant, opines UAE-based entrepreneur Oweis Zahran
It will continue to invest in Japanese equities but only through its external managers
Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes
UAE President Sheikh Khalifa bin Zayed Al Nahyan approved the federal law decrees which have now come into effect
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies
The six-year bond with a 6 per cent interest rate was 2.1 times subscribed
Inspections found that 748 shops and commercial establishments fully complied with the precautionary measures
New reforms will come into effect in March 2021
Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome
The package was approved by the Crown Prince of Sharjah, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, on Tuesday
However, employment numbers dropped at the fastest rate since June
The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year
The five-year sukuk was oversubscribed nearly three times
He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)